In an effort to extend federal subsidies for Medicare Part D to more low-income beneficiaries, Congressman Lloyd Doggett of Texas seeks to revise the asset test for receiving such subsidies. (Kaiser)
Doggett introduced a measure that would extend subsidies to about 3.27 million people currently qualified for but who don’t receive subsidies. One way the bill would accomplish this goal is to exclude certain financial assistance from adult children of recipients as “income†when determining eligibility.
Additionally, low-income Medicare beneficiaries would be allowed to build retirement savings and still qualify for subsidies.
